Europe Markets 7/27/2007
Markets in Europe were mixed and 6.45 AM New York time. The FTSE rose .2% to 6,261. BT (BT) was up .3% to 312. BP (BP) was up .4% to 578. The DAXX was…
All Work
Douglas A. McIntyre
AMD (AMD): Losing In The Market, Winning In The Courts
AMD (AMD) has not had much luck competing with larger rival Intel (INTC). Its gross margins have collapsed. It is losing money, and Intel has been taking back customer sales in both the PC…
Google’s (GOOG) Back Door Wireless Grab
Google (GOOG) has cut a deal with Sprint (S) to provide search and its GMail and calendar functions for handsets that will operate on Sprint’s new WiMax network. The deal could expand to include…
Microsoft (MSFT) Makes It Case
At a meeting with analysts and the press, Microsoft (MSFT) made its counter-intuitive case. The world’s largest software company intends to keep diversifying into internet advertising and hardware device, whether investor like it or…
McDonald’s (MCD) 5 AM Start Time
McDonald’s (MCD) is pushing to open all of its store at 5 AM on the premise that people are getting up earlier and earlier to get to work or care for children. The move…
Is Doesn’t Matter Who Becomes Gap’s (GPS) New CEO
Gap (GPS) appointed Glenn Murphy, who ran a Candian drug store chain, as its new CEO. He has no clothing retail experience, but that hardly matters. Gap cannot be fixed in anything near to…
Lenovo Chases Dell (DELL) Into India And US
The big Chinese PC company Lenovo is opening plants in India and Mexico. It will use the Mexico plant to build a supply chain closer to the US. Lenovo has 35% of the Chinese…
Media Digest 7/27/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Microsoft’s (MSFT) CEO defended the company’s move heyond the desktop. Reuters writes that Amgen (AMGN) turned in better than expected results as several key drugs did well. Reuters reports that GAP…
Asia Markets 7/27/2007
Markets in Asia fell sharply. The Nikkei was off 2.4% to 17,284. Canon (CAJ) was off 5.5% to 6510. Honda (HMC) was down 2.5% to to 4910. Sony (SNE) was up 1.1% to 6420.…
EMC & VMware ‘Final’ Exchange Ratios; Industry Leaders Invested in a Competitor (EMC, VMW, INTC, SAP, GS)
FILING TERMS & BRIEF BACKGROUNDER In an SEC Filing, you can see the ‘final amended’ exchange terms foremployees of EMC switching into new VMWare shares in their options andstock grant plans. The final two…
Chevron Wants Earnings To Prove Exxon Mobil Was a Fluke? (CVX, XOM, SLB, HAL, BHI)
Chevron Corp. (NYSE:CVX) is set to report earnings on Friday morning. First Call notes that $2.30 EPS is expected on revenues of $50.3 Billion. The company posted EPS of $1.86 last quarter and $1.74…
What a Crocs! (CROX)
Crocs, Inc. (NASDAQ:CROX) was one that actually went unnoticed today because of the crummy market. We weren’t only surprised to see the stock gap up again by this much after hours, but we were…
Baker Hughes, Can Earnings Shake The Week? (BHI, XOM, HAL, SLB)
Baker Hughes Int’l (NYSE:BHI) is set to report earnings on Friday morning. After a major meltdown like today and after the first time in recent trading where Exxon Mobil (NYSE:XOM) actually missed earnings instead…
52-Week Low Club, Massive List on Market Tank (July 26, 2007)
DJIA 13,473.57; -311.50 (2.26%)S&P500 1,482.66; -35.43 (2.33%)NASDAQ 2,599.34; -48.83 (1.84%)10YR-Bond 4.777%; -0.127%VIX 20.74 (+2.64) Partial list,…
Defensive Stocks For a Crummy Market (KO, MRK, PG, CAG, BUD, HRL, CL, MO, MCD, KFT, NVO, WTR)
Stock Tickers: KO, MRK, PG, CAG, BUD, HRL, CL, MO, MCD, KFT, NVO, WTR If you are a long-term bull and aren’t feeling panic after seeing a huge down day (of over 400 DJIA…
Charter (CHTR): Cable’s Achilles Heel
Charter (CHTR) is down over 10% to $3.90. Some of that is in sympathy with the drop in Comcast (CMCSA) which put out earnings this AM. Wall St. was concerned about the larger company’s…
With The VIX Over 20, Bulls & Bears Alike Are Licking Their Chops
Late morning DJIA -230, S&P 500 -27, NASDAQ -44, 10-Year Treasury down almost 9 basis points at 4.815%….. Flight to quality….. M&A ending….. Tax Changes….. Weak Dollar….. Junk Bonds….. Credit Crunching….. Weak Housing….. Weak…
Akamai New 52-Week Lows; Is Web 2.0 Moving Away? (AKAM, LVLT)
Akamai Technologies Inc. (NASDAQ:AKAM) is feeling some more pain today after earnings last night. It isn’t really that Akamai dropped the ball, but they are becoming an older player that hits more singles than…
Things Get Worse At Sonus (SONS)
Shares of Sonus Networks (SONS) dropped 25% to $6.25, after the voice over Internet protocol equipment supplier said it found stock-options backdating in prior financial statements and would have to record charges for 2000…
52-Week Lows: Housing Stocks (BZH, DHI, PHM, XHB, LEN, CTX, TOL) (July 26, 2007)
This morning we saw earnings out of some of the key homebuilder stocks. These numbers are almost immaterial as they are sloppy and results are all over the place and as no one is…